Petro Georgiou (Kooyong, Liberal Party) Share this | Hansard source

It gives me great pleasure to speak in support of the Appropriation Bill (No. 1) 2006-2007 and cognate bills. This is the Treasurer’s 11th budget. This is a historic achievement not only in the delivery of the number of budgets, which is unmatched by any other Treasurer, but more importantly in what he has delivered to Australia, which is unprecedented.

As with the previous 10 budgets, it is a measured, effective and reformist document based on fundamental and successful economic principles, sound financial management, underpinning a strong budget surplus, repayment of all remaining Commonwealth government debt, funding for important areas of current community need, strategic investment to deliver on long-term priorities and tax relief for ordinary Australians.

It is a credit to this government that Australia’s economic outlook remains positive in an uncertain international environment. The international environment may be uncertain, but it is not the gloom and doom so extensively foreshadowed by the member for Melbourne—

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